Hard times are on the horizon for insurers as commercial mortgage exposure haunts carriers and capital levels shrink, according to Fitch.
Prices of existing single-family homes tumbled 18.2% on average in the fourth quarter of 2008, marking the biggest year-over-year price decline in 21 years
Americans' already battered confidence in the economy went into free fall in February, sinking to new lows.
Insurers have begun bidding for American Life Insurance Co., the life insurance unit of American International Group Inc.
Fidelity Investments, the world’s biggest mutual fund company, reported today that its operating income dropped 18% last year.
With many major companies trading in penny-stock territory, the New York Stock Exchange is considering relaxing a rule that requires shares to trade above a dollar.
Commercial real estate prices plunged 14.9% on average in December from the same month a year ago.
OppenheimerFunds Inc. has elected to shutter its OFI Tremont Core Strategies Hedge Fund and start returning the fund's roughly $100 million in assets to clients.
